Monday, Septomfer 21, 1925.
Page Eight
TITE LA GRANDE EVENING OBSERVER
SITTIV PRETTY
Purple Chief
t
Work Shoes
7 ration-wide .
INSTITUTION- R
eimeyvo.
f DEPARTMENT STORES
rfTri
M jusTasgoop mfEma,- iFj beew a ipnq,
m, 16 me as 522 e IwgTmeSmCE "
108 Depot St., La urande, Ore.
A New Marathon Hat
"The Alert" For Fall
Styled to- the minute, with lines of grace and
8pl...Jid balance. Our feature hat at
12.95
COMPOSITION SOLE WEAK GUARANTEED
MEN'S WEAR
Babson Comments On Collapse
Of Huge Stinnes Companies
BABSON PARK, Moss. Hpecial) , mans, lie w:us even bigger and rlch-
In view of the news items which j er lifter the war than bo fore. The
have been fit Hift papers recently f wnr Increuseu hiu wraith because
regarding the big Hllnnes full ore ; his holdings were in stocks or oqui
ln Germany. Hoger W. Jtalmon lius i Ufa rather tlian m bonds or inui t
been asked regarding the 1'ucta of gut'i'M. When the inllation period
the same and the reasons therefor, j chiiio, he was ublc to pay up the
Mr. Babson's complete statement la ; indebtedness of his companies
us follows:
i Whul KM lines Owned,
' "Hugo Htinnes, during the puHl
twenty yeurs, has been Germany'.
greatest captain of Industry. Kveii
before the war he wua ihe out
standing llgure In German indus
trial Hie, and, unlike jno.it Oer-
10 Years Ago
Today
J. W. Spencer and
Ruth Plass were mar
ried Sunday at Alicel.
CUTS
For Weddings and
Itirthdaya
Lool; through our sUim.
we nave many suiiau.o
gifts.
L. & L. DrujJ Co.
with depreciated currency which
made h.s equities very valuable.
Iih;mI!od hints the eonnervul ive
Investor who buys bonds and helps
the speculator who buys ittocKs.
Ii the Ktmnes fortune hud been in
hife.li gruue bonds and mortgages,
it would have been wiped out di
rectly following the war; but he
ll, g only In a lucks and equities It
greatly luereuswd. Hence the first
! thine to romember 1b thut Stinnes
uwuu.i , to., KB rattier than bonds.
."The Hllnnes compunles ranged
from iu:v.Sjiapers to hotel's. Jlo
i ei'MjMnly owned what is conidd
ered by many us Germuny's lead
ing m wspaper, Deutsche Alegeme
ine cluing. His industrial devel
i o itients started w.th coal prop
erties, the - exploitation of. which
was the. basis of the Stinnes for
tune
added iron minis, electrical con
cerns, petroleum compunles, pulp
:ind paper mills, cellulose factories,
steamship lines, hotels, Insurance
companies, motor cur works, fcreat
banks, and various other concerns.
If one can picture the holdings ol
Henry Ford. John D. Rockefeller,
nod the Duponts all combined to
gether it wjuld give a fair idea of
what Ktlnmis owned. The defer
ence, however, Is thut Henry Kurd's
companies lutvo no Indebtedness;
the I m Pont companies have vor
little hi, "bledm i s; while Rocke
feller puis most of hln money into
the bonds of lia companies and
thus controls their Indebtedness a
well us their equities, Sltnnes, on
He the new athletic director ot I
Northwestern University. In other !
words, meef "Tug" Wilson, who l I
now laying plans for a vigorous fall
campaign at the Purple Institution.
He hopes to put Northwestern teams
on a loftier level than they have
been In some time.
the other huml, put all of hn mon
ey Into equities and let the public
hold the IndebtotlneHH which he
i,eiinlti'"l to be -ery liirge.
Ktuiiii)' Three AiNtuke.s.
"Htliiues irunle ihitc primary
mlKttiketf an follows:
"1. He tried to he too big. He
simply because ho'wua buch u free us wus the old num. They not
borrower und bold bond.s mid notes only cast aside ull economic tcach
a3 fast as the banks would tuks . lug. but they cont.nueu tu pursue
them. ,' the Inl'lolioiiary ; policies ot their
"a. Stinnes forgot that It Is Im- ' father. For a while they bought
possible to get something for noth- companies und issued more
lug. He was correct In figuring notes. Uf course they feel now
that Imlatloil was to his advantage, that the banks wiped them out.
but bo foolish, v foieofthnt deila- which Is always tne atlbl ot a rail-
1 FIND
IT
HERE
Copy for this column must
be In by 9:00 a. in.
I'lano Timor Will Jtetiirn.
Sidney l,y!e will return Saturday,
Sept. 20. 2-9-2t-2tp
forgot tho old Germun proverb, j tlon ulwa8 i0liows inflation. He !1 concern. My experience, liow-
Trees never grow to the sltie.i.' He
also failed to remember thut the
higher up 111 the tree u bird builds
Its nest, the eusie.r It Is fdr tho
crows to find It. The real reason
why Stinnes collapsed Is the samo
reason why there are no mastodons
living In tho world today. These
railed to reullze that his fortune "ver, la tnut ounKa nro very pa.
imu.1 decrease during a period ot : ''',nt and a very loath to wipe
donation ua rapidly as It Increased business out, doing it only ns a lust
during the period of inuutton. j ruaort. If Hugo Stinnes Jr. had
Stinnes ignored the fundamental j been willing to subscribe to and
luw of action and reaction upon follow some good economic servien
wh.ch the liabsonchart Is bused. ' no might have saved the family
When st.tr.lr xnnra ,liif tn In, IIH. forlUllC; but lntlghlng at eCOUOmiC
(treat animals, whnse skeletons We .i Inw and hellevlnir that the sttlntie
To these coal properties he s .o In museums, although tho grent-. reuHon. It m., continue t,. sell at family was greater than any eco-
est beasts that ever lived, are now , tt ,,lKh ri(.,,ri.. Uul whPn solM nomic law, li failed,
extinct. I he laet Is that they bc-jU) ,n )H(.e 8ml,y on uecount of I Today the various Stinnes coin
came so big that they could not I manipulation or inflation, then H I panics are in the hands of -' he
gel out of their own way. Off 8,lrt,iy mu3t luu again to Its true bunks and are graduully being
wiu .,uiu ii 'level. . ) liquidated. The oil and petroleum
tv.iuiu iiu iiiuix" nu.m nun iit,tin uii
the eaith today.' thnn cows und1
LA GRANDE'S
GROCETERIA AND MARKET
I.tt tanilile's iIkIuuI
One-Mini Slut-e
1'rereired Kloeli Collee.
1 lb
Jar Uublivis
Kconouiy I'aps '
Hume I'alini'd Clieirlis,
In glass quart esillH
loillzed Salt, 2-Mi. pkc
Calllinet llakl.'iK Powder.
I -lb. ran J
Slar Naptha a:dilng
i'owdi-r
Mission Mrand Tomatoi-s 1
firupe Nuts I
:t.-,r
le
Mother's (lata .trie
We pay the highest mar
ket prlro for Kivsh i;kj;s.
. I'lume .Main HIO .
Whore"' you can set tho
"Host For Less." Kor
l'ii:;t class Ileof and
ck'.'uilincss wo cannot lie
cxcollod. Give us a trial.
2 Donis lU'lmv Wiick Cat
1'ioc Dclivci-
HemstltcliinB, pleating, button
holes, etc Norton's Kiddy Shop.
io-i4-tr
Mrs. H. Met calf wishes to an
nounce that she is in no way con
nected with the Paris Shop on
Adams Ave., and that she has
ladles' nnd children's tints in her
home for sale at 2004. First and
Adams. b-16-tt
$3.98
Everything necessary
to a fine liat has been
included. Quality that's
apparent and definite,
featuring the English
curl-bound edge, satin
lined, silk band and
binding. In new Fall
colors of Clove and
Camel.
"Let Us Be
Your Hatter"
New Exclusive Patterns
In Collar-Attached Shiita .
IN'IKIUOK DUCOItAl'lOX.
"Sllnnes held on too long. In-
Hheep, hecanse lions nnd tHrrm are J'1 oi' clUlif when he had
so much more powen'ul. Hut this b. Mh iT
uwuy. Moreover, ua the fiidebted-
1-ptn w t -iirht aecoutit during
the period ot Inflation, White tho
curreiici was Meprec'iutln; tilts
sume IndebtodnesH became of great
concern us the th-tlutlon te't iii and
till- turrrney wus put on u staple
busts. llvnce while
tact Interested everyone in their
destruction, while the production
of cows und sheep hits been stlimt
Inted nnd encouraged, Truly Jesus,
that jjreul economist of 2000 years
ago, made a very' potent rorceiist
when he stated that the meek
should Inherit the earth. .
"2. Hotlines was careless about
letting his compunles get into debt.
It Is true thut very few run take
fhe position of Ford and any thnt
there shall bo no debt. All c:in
t alius of Industry cannot follow
Rockefeller in owning or control
ling the Indebtedness of their com
panies. It, however, s ii Brent mis
take to borrow more thun one can
tiike cure of. This Is en, eclally im
portant for business men to reniem-
her at this time when money is i o foliage or the collii-sc cuuuc I bis
ensv nnd bunks are encouruging deatli. Is u good detil llkt! urgulng
their good eusiome.s to borrow, which cnnie firs', the hen or the
Held has been the down full of egg. Whichever the case, i he bnb-
,-ihout io pc cent cf hit bns!nes ble burst about a year ago anil
concerns 1; in much better )o"do Instead of his nous being the rtcli-
a small hi;:tint'ss with n indebted- est men in (Jermtmy. they have
When touching up your home
for the winter days you will make i
compunles, at tho mouth ot the " more enjoyable by adding a few
Kibe have been sold to the State ' artistic touches. Have Richardson.
f Huuibtirg. the forests u. Poiti- '"i'he Art :.r:in." heip you solve
eralne have, or are about to be. j "ollr decorating problems. He will
:oia to Piussiu. The Stlnm s ho-'ffladl ive ou advice along these
tels, the Deutsche Alleimitm, Zei-1 ltnea w'thout chnrgo. Always at,
tung newsi.aper, the urhla of his your sorvlqe at Itachardson's Art &l
heart, and various other properties I llt shop, 9-21-lt
nre now bhig rlisposed ot. , If the
Stinnes family succeeds in retain-'
li'it their original co:il lioldint?.
t,tn...u it,, i witn noss t v curiam iron nroner lea
his day and could dictate to the U is tne best they can expect to '' wporiers uiui conrmea me
bankers during the Inflation pe- do. ht Hl mo.t essential in cure of
riod, the bankers had their dav and i "The Stinnes failure h-,s no di- he lull diaphragm which every
could dictate to Mm during the pe- rect effect on Amcricar. business I womun nee. s. Manufactured by
riod of def lation. In this th re is or the New York stock market. 1 ?lof'rirt 'OTs't Co. Come in and
n irnrtli tnn fnr ..v.rv i.nprimn Hugo Stinnes was disttnctlv a Ger- CCP our samples. Miss Pauline Le-
business man and Investor to learn mun- H financed his properties ; d,"rit:. Soinmer Hotel Dldg.
and remember. ui uermuny, built them in tier-
.... iiiiimv. iillrl nnemtnH In Rpriiinrv
I,"""'S .,, "T" IV. rv little Anii rUiin inom-y la In- IMsmi:i.l)S & SM)K ;l,ASSi:s I
i iiK" numii-B tin-ii in ,irn. in; I. . ..i..,,,! , ,h K,lnn, rilr,.. i Inr i'Vitv nialti' ol dir. 1 hour M-rv-
A l nii,.n- :vr&w:nc Von Will
I'inil Kcit.
The liilc.-t slyli'S In Jintslero wijh
8-9-10-31
Fo."t color plaids, checks and stripes in many new
and exclusive patterns you will like ; dark grounds,
pastel grounds; broken stripes; two-tne checks
cut full; good quality percales. ',
The well-fitting, attached coliara cro
well made separately by Troy' fine
collar makers. : If you want p.-.ttrrns
that are different, with good wearing
qualities at a low price, here t'.icy are
at i
$1.69
to
$2.98
nefs. lrr sieeti r of in I la. Ion or
for the uke of do'ng a big busi
ness. 1 rresi ectlve o f inflation or
ilei tut Ion, the Mi InncH cmeerns
w""M i-iM i. .t- e-l'-M
..eu.er urn ue.ui cuumu i. b thonKll Ls pOS8ible that some
American money may now bu
' certain of the St n nes properties.
I Hence, from a financtul point of
view, there ls no reason why I
should tell his story to my Ameii
1 can friends. Great lessons, how-
uro involve) in the sttnne
Ice, right price.
& G.tt : 'op.
llichardson's Art
, y-2i-it
found themselves aim S'
eft. Ordiniirily there
grent denl of sympathy fur the
Stinnes boys. Hut after the fu
titer's I'nlh thev w""" " '..
M1CK TO CHKDITOltS.
No tee ts hereby given to ull con
cerned that letters testamentary
have bt n Issued by the County
Court of I'n'on County .Oregon, to
S'il.E-R.R-Y.'S
Ti.niKlil Onlv
Tlic Tfin Tcrriss I'lcdiution
"The Bandolero"
a 1 1 i,i--i;i.()oi)i:i) homanci:
!
A Fcny Boat Swell Did This j
VA
! . jiij W -..T. , ls t.V.'j.i.n. -
11 V - N 4 v
' . tS i. A i J 'V , "A
son, within six months from the
date hereof.
Dated ut la Grande, Oregon,
Sept. 21st, 1H25.
LOT L. SXOOGRASS,
Administrator,
.' Green & Ileas, attorneys for al
ndnistrutor. .Sept. 21. 2S-Oct. 5. 12. It).
A (nine, lusty stniy oi
lK-vl)!y actotl by a ca t
do!)a and Konoo Adoioo.
ynunjy love in oM Spain, sn
that iucludos Pcdio do Ctr-
SPECIAL XOVKITY "A 1CI NAWAY TAXI"
STI.KKOSCDPIK
9. 1hVl"r fuilun' wnlrh should be heeded by Syntha Virghiia McNeill, upon the
would be a Americans as well as fir r mans. last will nnd testament of John A.
These lessons are us follows: 'McNeill, deceased and all persons
".Stinnes made three, mist'ilies. hiving claims against said estate
First, he got a biK bead; second, nrt herehy notified to present the
he borrowed too much money; and Ma,m' wi,h I roper vouchern to the
third, he refused to recognize ceo- llUi executrix ot the office of .T. 1 .
nomic lew. Stinne.s thought that Wutcr. her attorney in Ia Grande,
times had changed and economic o re-Ron. w thin six months from
laws, that had applied in the past tno lo,p of ,,lis notice.
n n ( nr-V tndav. 1 Iheri-loro I . la'erl this Meptmber 21. 192S.
urge American manufacturers busl- SYNT11A lRG'N'lA McNKIM.,
n. Men and Investors to avoid' ' Kxecutrix.
these three pitfalls into which pt'Ilt- 2S-Oct. 5. 12. 19.
ft'nnes fell. First, let us be con- " "
tent wi'h a reawonnblp busin ss I XOTICK TO CKKDITOIIS.
and take for our motto 'live and1 Notice is herein- given that the
l't live; second. let ua keep out of undersigned has been duly nppoint
deht as fnr as we possibly can; and ed by the County Court of the
third: let us remember thai usufil- State of Oregon for Union County,
Iv things that go up. likewise come administrator of the estate of Mar
dewn. We must cpeclatlv re- tin Knels, deceased, and has ojinli
meniher and put into pnictio fled as such." All persons having
these three principle. nw that claims aeafn.vt said estate nre here-
bitslpe.ts ls on the up-grade, for It by
new relstrs the liabsonchart verified p required !' law. to the A. Wirniek. dfoas-'d and nil per
il per n-nt above normal, com- undersigneu (it Iji Urande. Oregon, sens having claims against the
pared with 12 per cent below nor- or at the office of h s attorfte' s. tate of snid decerned are herehv
mal ut this time last yenr." Green Hess, at 1,h Grande, Ore- required to present the sunn with
NO'lICK TO CltKDITOHS.
Notice is hereby given that tht
undersigned h;:s been uppointed ad
ministrator of the estate of C. Hut
tie Warn-ck. deceased and all per
sons having claims against the es
tate of said defeased Ure hereby
required to present the Kime with
pniprr voiuhers to the a'dd admin
istrator at his home nt 1103 Hixth
street,. I jx Grand t:,' Oregon, on or
before six months from date here
of, Uiter this 2 1st day of Septem
ber, 1925.
T.KI-: WAKN'TCIC,
Administrator of tho'edate of C.
Hnttie Warnlck, deceased.
Sept. 21. 2S-Oet. 5. 12. 19.
proper vouchers lo the said .-idmin-Isirator
ut his home ut 1103 Sixth
si reel, ,a Grande. Oregon, .'on or
before ui months from date hereof.
Dated this 21st day of Septem
ber. 1U2G.
T,KF. WAIINK'K,
Administrator of the estate of
Mary A. Warnlck. deceased.
Kept. 21, 28-Oct. 6. 12, 19.
NOIICK TO CltKMTOItS.
Notice Is hereby given that the
undersigned hrs been, appointed
required to present tho same. administrator of -he estate of Mary
1
Motion pictures Help Cavalry
Officer itcmeily Tlicii- licfccts
FT. Itl'.KY. , Kiiii.. (AP) Mo
lion p'cturcs are helping army of
ficers to become better horsemen
at the Fort Ulley cavalry school,
which opened this month. A pic
ture is filmed of every student of
fieer and his mount ns they go
over the hurdles or perform other
acts thut are- part:of the rtaining.
I,n ter the student witnesses his
own performance on the screen.
"This method enables every stu
dent officer to see his own faults
as others se them," explained
lirlg. Gen. K. E. Booth, command
ant. "Frequently a student dnes
not beUove the Instructor, who
tells him he Is doing something
wrong while on the horse. Hut
th movie proves to the student
himself that ills rldlnT form 's not
correct, and suggests to h'm how
n overcome the difficulty."
J
vaacaiBiaBiiBREaEsaEiBaaESiKsniiaKBBBBaixisiaEEBBiiiiiBaBHiBisB
n
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Fine Larde Italian Prunes
YOU SHOULD CAN THEM NOW
The r-9. No. 3. one of the ll.iwalhin night senplam. bchig
tlragged out of San Ftancisco Pay. a complete wreck. Tins plnne
complied on y J'vc miles of the trip nnd m forced down. The
aMp wiip Mil-merged nnd compVtc'y wrecked when S'rurk by a
uavv from a pnss.nf feiry boat while being towed to the Mnr
Island navy utd.
n
M
U
n
u
M
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M
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M
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n
M
Tor Hox. 1S-11). box fiflc
l'cr Apple Box. 50 lbs. $1.49
t hnire KatinR and Cooking Apples, box S9c
Tush HiK'.stinc Knrs Coin, 2 dozen 45c
Ilea'th Nm sects. 4-lb. pki:. 4.'ic
l'eails of Wheat, Large l'kg. .34c
AUk-i's llnpjacic. Hour, I.arre pl;(r.
Alber's Iiucknliral Flour, Larc pk-r
12-.b. Sack Self Raisin-: Pancake I'fnur
91b. Sack Oat Hakes,
Kara Sjiup, Iilue Label 7!lc; Red Labcj
Eagle alley Honey, 10-lb. tin
34c
34c
8"c
."Wc
89c
..$1.4!)
HOOVERIZED GROCERY
"WHERE THE THRIFTY THRONG" LA GRANDE'S 1'tONEER LOWER PRICE FOOD STORE MAIN 49
MOTOR DELIVERY ' '
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